Economic Weekly: Slaying inflation isn’t always easy
- Wednesday’s Monetary Policy Statement will be pivotal – even though it is extremely unlikely there will be any change to the OCR
- It’s the big switch in the narrative in a short space of time, from concern that a stuttering economy meant a lot of excess capacity weighing on inflation for too long, to now concerns that recovering demand growth will hit a sluggish economic speed limit that will cause inflation to linger too high for too long
- For the RBNZ, that means a change in tone to ensuring inflation will be slayed, rather than standing by with an adrenaline syringe for emergency resuscitation
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Mark Smith
Senior Economist
Mark joined ASB in 2017, with over 20 years of public and private sector experience working as an economist in New Zealand and the UK.
His resume includes lengthy stints at ANZ and the Reserve Bank of New Zealand, and he has also worked at the Bank of England, HM Treasury and the New Zealand Transport Agency. Mark's areas of specialisation include interest rate strategy, macro-economic analysis and urban economics.
Born and bred in the Waikato, Mark studied at Waikato University where he graduated with a Master of Social Sciences, majoring in Economics.
Mark's key strengths are the ability to use his extensive experience, inquisitive nature, analytical ability, creativity and pragmatism to dig a little deeper and to deliver common sense solutions to tackle complex problems.
When not at work Mark likes to travel, keep fit and spend time with his friends and family.
- Email: Mark